Tag Archive for: dominic montazemi

CBRE Arranges Sale Of Delray Park Of Commerce

/in , /by

CBRE arranged the sale of Delray Park of Commerce, a 19,478-square-foot boutique office building located at 800 NW 17th Avenue in Delray Beach.

Brain Matters Properties, LLC acquired the single-story building from HHCS Real Estate, LLC for $3.4 million.

CBRE represented the seller.

“Delray Park of Commerce offers a combination of flexible office space, great amenities and convenient access to major transportation arteries,” said CBRE’s Owen Sagar.

Built in 1999 and located in a highly desirable area near upscale neighborhoods, the property is well-situated on 4.39 acres on the northeast corner of Congress Avenue and Lake Ida Road. Delray Park of Commerce offers ample parking in a corporate, park-like setting with quaint water views and easy access to I-95 and Atlantic Avenue, “The Ave.,” in downtown Delray Beach.

CBRE’s sales team included Dominic Montazemi, Scott O’Donnell, Miguel Alcivar, Jason Hochman and Owen Sagar. Garrett Vonk represented the buyer.

Small Bay Warehouse In Jupiter Fetches $4.4M

/in , /by

The CBRE Private Capital Group (PCG) worked with the seller on the sale of a small-bay warehouse in Jupiter Park of Commerce in Jupiter.

The 52,641-square-foot warehouse at 1001 Jupiter Park Drive sold to Bessemer Trust Company, NA for $4,375,000, or $83.11 per square foot. CBRE represented the seller, 2501Bristol, Inc., Upland, LLC and Marina Apartments, Inc., all Florida Corporations.

“The strong price per square feet of this sale reflects the growing confidence investors have in well-maintained, highly functional, small-bay warehouse product in Northern Palm Beach County,” said Scott O’Donnell, CBRE Senior Vice President.

Built in 1989, the warehouse at Jupiter Park of Commerce sits on 3.64 acres and was 75% occupied at the time of sale.

CBRE Senior Vice President Robert Smith teamed with O’Donnell and PCG South Florida Commercial team members Dominic Montazemi, Miguel Alcivar and Jason Hochman to represent the seller. The buyer was represented by Judge Moss with Brown Harris Stevens.

Busekrus Leaves CBRE For HFF

/in /by

Marty Busekrus has joined HFF, one of the largest commercial real estate capital intermediaries in the country, as Director, where he will be focusing on institutional industrial investment sales throughout the Southeastern United States.

Since March, 2011, Marty served as Senior Associate of CBRE’s Private Client Group (PCG) team for South East Florida, encompassing Miami Dade, Broward, Palm Beach and Treasure Coast Counties, along with J. Scott O’Donnell, Dominic F. Montazemi and Miguel Alcivar.

“With my experience coming from the Private Client Group of CBRE’s office and industrial team, it’s a perfect fit,” said Busekrus.

HFF has a history of performance spanning more than 30 years, offering the services of more than 500 experienced industry professionals who operate from offices in major and secondary markets throughout the country.

Prior to joining the Private Client Group, Marty held the position of Senior Sales Associate with NAI Rauch Weaver Norfleet Kurtz for six years beginning in July, 2005.